Category: Business
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Reduce imports to maintain stability of the Cedi – Alhassan Andani
The President of the Ghana Association of Bankers, Alhassan Andani is calling for more sustainable measures from the Bank of Ghana to ensure the Cedi’s recent stability continues into the medium to long-term. The currency has performed marginally well from January till now, compared with its peers on the continent. Out of some 15 key…
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Blackshield customers threaten demo ahead of payment of funds of 20 FMCs
Customers of Gold Coast Fund Management Company Limited, now Blackshield Capital Management Limited have warned of embarking on an industrial action if the Registrar General fails to release a payment plan for its members as it prepares to begin payment for some customers of other companies whose funds were locked in some of the defunct…
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Fruit retailers lament drop in sales after initial Coronavirus-induced boom
About six months after the initial spike in demand and clamour for fruits of all types, to boost the immune system of Ghanaians to ward off COVID-19, some retailers of fruits say they have experienced a surprisingly significant drop in sales. Even though there was an increase in purchases in the first few weeks after…
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Stanbic Bank supports COVID-19 fight with test kits donation to GHS
As part of its ‘All for One’ campaign, Stanbic Bank Ghana has delivered 3,008 units of COVID-19 Polymerase Chain Reaction (PCR) test kits and 3,072 units of Nucleic acid (RNA) extraction kits to the Ghana Health Service (GHS) to enhance its COVID-19 testing and early case detection capacity. This is the second round of test…
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Ex-staff of GCNeT hint of industrial action over non-payment of exit packages
Ex-staff of the Ghana Community Network Services Limited, GCNeT, have warned of an industrial action if management fails to pay them their exit packages as ordered by the Arbitration Panel appointed by the National Labour Commission (NLC). Their call comes after a three-member Arbitration Panel appointed by the National Labour Commission under Labour Act 651…
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BoG likely to maintain policy rate to protect businesses – Alhassan Andani
Ahead of the commencement of the 96th regular meeting of the Monetary Policy Committee of the Bank of Ghana today, September 22, 2020, the President of the Ghana Association of Bankers, Alhassan Andani says he does not foresee an increase in the policy rate anytime soon. The policy rate determines the rate at which the…
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Monetary Policy Committee to begin 3-day meeting to assess economy today
The Monetary Policy Committee of the Bank of Ghana is scheduled to begin its regular meetings from today, Tuesday, September 22, 2020, through to Friday, 25th September 2020. The 96th meeting of the Monetary Policy Committee is to review developments in the economy and take the necessary steps to ensure financial and economic stability. A…
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GSS begins recruitment and pre-certification of trainers for census
The Ghana Statistical Service (GSS) is currently recruiting prospective trainers to participate in a pre-certification training programme for trainers for the upcoming population census. The pre-certification programme is being offered for both National Trainers (trainers of Regional trainers) and Regional Trainers (trainers of Field Officers). This programme will combine virtual training with in-person modules and…
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COPEC predicts marginal decrease in fuel prices
The Chamber of Petroleum Consumers (COPEC) is predicting a marginal decrease in prices of fuel at the pump. This reduction should be expected by the end of September, according to COPEC. Speaking to Citi Business News, Executive Secretary of COPEC, Duncan Amoah, said consumers should expect either one or two percent reduction in prices of…
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Local cashew farmers urged to venture into cashew apple processing
The Competitive Cashew Initiative (COMCASHEW) has called on local cashew processors in Ghana to venture into the processing of cashew apple which has a lot of potential. According to COMCASHEW, the venture has not been explored enough. Speaking to Citi Business News on the sidelines of the third session of the Master Training Programme, Mrs.…